I have been giving some thought to whether the nature of innovation has changed. You still have innovation processes in large organizations designed to help them develop new products efficiently. Majority of those efforts end in failures (partly because of the nature of innovation itself and partly due to the impossibility of overcoming political hurdles within organizations). But all is not lost.
Companies such as Kickstarter and others have developed new platforms that permit what I am calling "pico-innovations".
The term "nano-innovations" has been cornered by nano-technologists and "pico" reflects my feeling that these are by themselves very small innovations but collectively amount to a sea change in evolution of innovation processes. Perhaps, as in the natural world, the very small innovations, that need very few resources, may be the ones that might be the most prevalent in the future. Humans may have lost theirs but the pico-innovation process seems to be developing a long, robust tail.
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